Sep 11, 2018
JD Sports commits to bricks and mortar as profits rise
In an era where most retailers are looking to reduce their physical footprint, JD Sports said in its interim results statement that it expects physical stores "To retain most of their current level of importance." The group, which has 390 sports fashion stores in the UK and Ireland, added that it expects to report full-year profit in line with market forecasts after its UK operations increased sales in the first half of the year. The group, which prides itself on its close relationships with suppliers such as Nike and Adidas, reported operating profit of £123.9m for the six months to August 4, against £103m in the equivalent period last year. "Against a backdrop of widely reported retail challenges in the UK, it is extremely reassuring that the profitability in the UK and Ireland Sports Fascias has been further enhanced. This reflects the value of the investments that we have made over a number of years in developing a dynamic multichannel proposition." In the US, it said it will start a trial of JD Sports fascia this year.
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